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Graduate Faculty

701-231-7441

Cheryl S. DeVuyst, Ph.D.
University of Illinois, 1999
Research Interests:

Agribusiness

Eric A. DeVuyst, Ph.D.
Purdue University, 1993
Research Interests:
Production and Resource Economics, Farm Management, Operations Research

George K. Flaskerud, Ph.D.
Oklahoma State University, 1970
Research Interests:
Grain Marketing

Justin Garosi, Ph.D.
University of Michigan, 2005
Research Interests:
Public Finance, Taxation Policy

Robert Hearne, Ph.D.
University of Minnesota, 1995
Research Interests:
Natural Resource and Environmental Economics

Robert S. Herren, Ph.D.
Duke University, 1975
Research Interests:
Economic History, Labor, Money and Banking

Siew Hoon Lim, Ph.D.
University of Georgia, 2005 Research Interests:
Production Economics, Transportation, Industrial Organization

Won W. Koo, Ph.D.
Iowa State University, 1974
Research Interests:
International Trade, Grain Marketing

David K. Lambert, Ph.D.
Oregon State University, 1985
Research Interests:
Production Economics

F. Larry Leistritz, Ph.D.
University of Nebraska, 1970
Research Interests:
Economic Development, Resource Economics

Gregory McKee, Ph.D.
University of California, Davis, 2006
Research Interests:
Industrial Organization, Agribusiness, Cooperatives

Dragan Miljkovic, Ph.D.
University of Illinois, 1996
Research Interests:
Agricultural Prices, International Trade, Agricultural and Food Marketing and Policy

William E. Nganje, Ph.D.
University of Illinois, 1998
Research Interests:
Agribusiness, Food Safety, Finance

David M. Saxowsky, J.D.
The Ohio State University, 1979
Research Interests:
Agricultural Law

Cheryl J. Wachenheim, Ph.D.
Michigan State University, 1994
Research Interests:
Agribusiness

William W. Wilson, Ph.D.
University of Manitoba, 1980
Research Interests:
Commodity Marketing, Agribusiness, Industrial Organization

Program Description

Billions of dollars worth of food and farm products are traded each year on international markets. Food companies scour the globe for customers and suppliers. Policy makers actively promote expanded markets for their country's food producers. Global food and agricultural policies command intense debate in world trade forums. International agribusiness is an exciting and rewarding career!

Entering the world of international agribusiness requires not only a solid educational foundation, but one must also be comfortable with a variety of cultures, have international experience, and demonstrate a desire to learn foreign languages.

The International Agribusiness M.S. program offered by the Department of Agribusiness and Applied Economics at North Dakota State University provides both the academic training and the international experience required to excel in an international agribusiness career. The program of study includes coursework in applied economics, quantitative methods, and international agribusiness strategy, management, finance, and marketing.

The student will participate in an international experience; inclusive of a student-defined International internship and/or study abroad during the course of the student's graduate program; it should be defined by the student and approved by the GPC and the student's committee. Students complete the program by writing and defending their professional research papers under the supervision of professors from NDSU and partner universities.

Admissions Requirements

The Department of Agribusiness and Applied Economics graduate program is open to all qualified graduates of universities and colleges of recognized standing. To be admitted with full status to the program, an applicant must

  1. Hold a baccalaureate degree from an educational institution of recognized standing.
  2. At the baccalaureate level, have earned a cumulative grade point average (GPA) of at least 3.0 or equivalent.
  3. Have completed courses in intermediate microeconomic theory, calculus, and statistics .
  4. Show potential to undertake advanced study and research as evidenced by academic performance and experience.

The TOEFL examination is required of international applicants. A minimum score of 550 (paper test) or 213 (computer test) must be achieved.

The Graduate Record exam (GRE) is required of all applicants not receiving their baccalaureate degrees from U.S., Canadian, or partner universities.

Students who do not meet all requirements for admission or have deficiencies in prerequisite course work, but show potential for successful graduate study, may be admitted under a conditional status. Evidence must be provided showing that the applicant's potential is not adequately reflected by his/her record. After meeting the specified standards of performance set by the department, the student, in consultation with the major adviser, may request a change to full graduate standing.

It is desirable that students begin their program in the fall semester, although students may also begin their programs of study in January. Application for admission to graduate school should be as far in advance as possible, preferably by March 1 for international applicants to ensure visa documents will be completed for a fall matriculation.

Application information is available at the NDSU Graduate School webpage: http://www.ndsu.edu/gradschool/

Program of Study

Students pursuing a Master of Science in International Agribusiness must complete all core courses. Students select elective courses (with approval of their adviser and supervisory committee) to fulfill the remaining Graduate School credit requirements. The core requirements assure breadth and competence in key areas of knowledge and professional activity. It is recommended that students participate in an international internship. The following courses, or their equivalent, constitute the core of the Master of Science program:

Required Courses at NDSU:

Minimum of 6 credits from

ECON 610 Introduction to Econometrics
ECON 710 Advanced Econometrics
AGEC 739 Analytical Methods for Applied Economists
AGEC 711 Advanced Topics in Econometrics
Other approved quantitative coursework

AGEC 711 (1 credit) Advanced Topics in Econometrics -Stochastic Simulation Module
AGEC 741 (3 credits) Advanced Microeconomics
AGEC 744 (3 credits) Agribusiness I: Agricultural Product Marketing and Agribusiness Strategy
AGEC 746 (3 credits) Agribusiness II: Agrifinance and Commodity Trading
AGEC 797 (2 to 4 credits) Comprehensive Study
•  Minimum of 12 credit hours of graduate level course work from the Department of Agribusiness and Applied Economics at NDSU
•  Minimum of 30 credits of course work and comprehensive study credits

Approved electives

At least six credits must be taken at an international partner university and are subject to approval by the student's supervisory committee. A minimum of 30 credits is necessary to complete the M.S. in International Agribusiness.

Courses Offered

AGEC 644 Crops Marketing 3
Capstone course for commodity marketing option. Advanced work on topics related to marketing of crops.

AGEC  646 Agribusiness Finance 3
Application of financial theory to investment and liability management problems of agribusiness and farm firms.Characteristics, operations, and management of agricultural financial institutions.

ECON
656 History of Economic Thought 3
Development of economic thought from the mercantilists to current paradigms underlying micro-and macroeconomics.

ECON 661 Economic Development 3
Analysis of the main causes of economic development.

ECON 665 Labor Economics 3
Theoretical analysis and survey of empirical studies relating to labor markets, human capital formation, and nature and causes of unemployment.

ECON 670 Public Finance 3
Taxation, intergovernmental fiscal relations, and public expenditures; implications of various taxation policies.

ECON 672 International Trade 3
Theories of international trade, payments, and foreign exchange markets.

ECON 676 Monetary Theory and Policy 3
Analysis of relationships among money, credit, employment, price stability, and national monetary policy.

ECON 680 Industrial Organization 3
Structural analysis of American industry in terms of the markets for business enterprise. Analysis of antitrust policy and its application to large corporations.

ECON 681 Natural Resource Economics 3
Application of economic tools to evaluate natural resource policies. Concepts such as property rights, non-market goods, resource allocation over time, externalities, open access, and public goods are discussed in an inter mediate micro-economics and calculus-based format.

AGEC 701 Research Philosophy 1
Role of the scientist, reasoning, values, and decisions. Problem formulation, literature review, hypothesis development, data collection, analysis, and interpretation.

AGEC 710 Econometrics 3
Applications of statistical methods to specification, estimation, and forecasting of linear economic models, including multiple regression models, cross-section data analysis, time-series data analysis, and qualitative dependent variable models.

AGEC 711 Advanced Topics in Econometrics 1-3
Advanced econometric methods appropriate to a variety of research areas in economics and agribusiness will be offered. Analytical methods covered will vary by semester. Repeated enrollment allowed.

AGEC 739 Analytical Methods for Applied Economics 3
Study and application of operations research techniques and other decision methods to problems in agriculture, transportation, and resource management.

AGEC 741 Advanced Microeconomics 3
Advanced analysis of demand, production, and costs; pricing output; and resource allocation under various market structures.

AGEC 743 Advanced Macroeconomics 3
Advanced analysis of macroeconomic theories, economic growth, business fluctuations, and inflation.

AGEC 744 Agribusiness I: Agricultural Product Marketing and Agribusiness Strategy 3
Conceptual foundations of agribusiness strategic planning are presented. Emphasis is placed on quantitative strategic decision making for the agribusiness firm.

AGEC 746 Agribusiness II: Agrifinance and Commodity Trading 3
Conceptual foundations of agribusiness finance, trading, and strategy are presented. Emphasis is placed on financial instruments and planning for agribusiness firms, and trading and risk management in agricultural commodities.

AGEC 771 Economics of Transportation Systems 3
The course will provide an understanding of transportation economics and policy issues facing society. Topics include transportation demand, modal costs, transportation competition and market power, transportation regulation, transportation investment, and the economics of transportation safety.
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Phone: (701) 231-7033
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